Market Overview

Tickers

Articles

Keywords

Large selection of mining equipment at upcoming Ritchie Bros. auctions in March

More than 3,200 mining and heavy equipment items will be sold in Ritchie
Bros. Edmonton unreserved public auction on March 7 - 8-mining
equipment also featured in upcoming Chehalis, WA and Johannesburg,
South Africa auctions

EDMONTON, Feb. 27, 2013 /PRNewswire/ - Ritchie Bros. Auctioneers (NYSE and TSX:
RBA), the world's largest auctioneer of mining, construction and other
heavy equipment, will sell a large selection of late model mining
equipment at its unreserved public auction in Edmonton, AB on March 7 -
8, 2013, starting at 8 a.m. each day. Mining equipment will also be
sold at other upcoming unreserved auctions in Chehalis, WA (March 5)
and Johannesburg, South Africa (March 27). Bids can be made in-person
at the auction site, online at www.rbauction.com or by proxy.

"This will be Ritchie Bros.' first auction in Edmonton in 2013 and
features a great mix of late model mining and construction equipment,"
said Jim Rotlisberger, Regional Sales Manager, Ritchie Bros.
Auctioneers. "The Alberta mining industry is moving steadily with
plenty of potential for growth. We're seeing a lot of mining equipment
moving in and out of our auctions here in Edmonton—contractors are
selling their assets to upgrade or diversify their fleets. This auction
will be a great opportunity for bidders around the world to get the
equipment they need at the price they want to pay."

More than 3,200 mining and other equipment items will be sold in the
Edmonton, AB auction. Specific equipment highlights in the auction
include:

A large selection of the mining equipment will be sold for North
American Construction Group Inc., a premier provider of mining, heavy
construction, industrial and piling services in Canada.

"We look forward to this Edmonton auction and working with Ritchie Bros.
every year," said Joe Lambert, Vice President, North American
Construction Group. "We sell some items through Ritchie Bros. auctions
year-round, but this is the single largest selling event of each year
for us. We choose Ritchie Bros. because they are a well-known,
well-respected name throughout the industry and they generate a lot of
interest for our equipment—all while providing both buyers and sellers
with a good opportunity to achieve their economic goals."

Every auction is open to the public; registration to bid is free; a
refundable bid deposit may be required

How to register and bid:

In person at the auction site

Online at rbauction.com - register in advance and bid online in real time on auction day; a
refundable bid deposit may be required; first-time online bidders
should register several days in advance of the auction

By proxy - phone the auction site to place a proxy bid

About Ritchie Bros.
Established in 1958, Ritchie Bros. (NYSE and TSX: RBA) is the world's
largest seller of used equipment for the construction, transportation, agricultural, material handling, energy, mining, forestry, marine and other industries. Ritchie Bros. offers compelling solutions that
make it easy for the world's builders to buy and sell equipment with
confidence. The Company conducts hundreds of unreserved public auctions
each year, selling more equipment to on-site and online bidders than
any other company in the world (rbauction.com). The Company also operates an online marketplace through Ritchie
Bros. EquipmentOne (EquipmentOne.com) and a range of value-added services, including equipment financing for
customers through Ritchie Bros. Financial Services (rbauctionfinance.com). The Company has over 110 locations in more than 25 countries,
including 44 auction sites worldwide.

ATTENTION MEDIA: Photos and other media resources are available for use at http://www.rbauction.com/media. Members of the public and the media can follow Ritchie Bros. on
Twitter @RitchieBros.